SAO PAULO (S&P Global Ratings) June 29, 2016--S&P Global Ratings said today that its 'B+' issue-level rating on Marfrig Holdings Europe B.V. and 'B+' corporate credit rating on Marfrig Global Foods are not affected following the additional note issuance of $250 million due 2023. The add-on was issued under same terms as those for the Marfrig Holdings Europe's May 2016 bond issuance, whose proceeds Marfrig Global Foods will use to pre-pay some of its outstanding debt. Therefore, we don't expect any material change from our previous leverage ratio forecast or in our recovery ratings. (Please see "Marfrig Holdings Europe Assigned 'B+' Debt Rating; Marfrig Global Foods Outlook Revised To Positive," published May 24, 2016, for additional reference.)
